DGAP-News

KATEK shows strong growth in the first quarter, further improves earnings and confirms business expectations for the full year

DGAP-News: KATEK SE / Key word(s): Quarterly / Interim Statement KATEK shows strong growth in the first quarter, further improves earnings and confirms business expectations for the full year 31.05.2021 / 09:19 The issuer is solely responsible for the content of this announcement. KATEK shows strong growth in the first quarter, further improves earnings and confirms business expectations for the full year

- Sales in Q1 2021 increased by around 48 percent year-on-year to EUR 137,5 million

- Reported EBITDA quadrupled to 16,4 million euros

- Operating EBITDA (adjusted) increased by more than 60 percent to EUR 7,1 million

- Successful IPO in the Prime Standard segment at the Frankfurt Stock Exchange to continue organic and inorganic growth strategy

- M&A activity continues: majority stake acquired in fabless protoyping startup AISLER B.V.

- Business expectation for sales in 2021 confirmed

Munich, May 31, 2021 - KATEK SE, a leading European electronics company offering hardware and software development, prototyping and manufacturing, and related services for high-end electronics solutions, has started the 2021 financial year with an increase in sales of around 48 percent. Sales in the first quarter rose to 137,5 million euros (previous year: 92,7 million euros).

Significant organic growth impulses resulted, among other things, from the High Value Electronics projects in the eMobility and Renewables areas, each of which recorded significant double-digit growth.

"The high demand demonstrates our strong positioning in promising growth markets such as electromobility and renewable energy. The medical technology sector also continues to offer a great deal of potential. In general, the progressive "electronification" of the world is increasing the need for innovative electronics partners for German and European industry - we can currently see this in the very high customer demand and the overflowing order books," says Rainer Koppitz, CEO of KATEK SE.